AMC Entertainment (NYSE:AMC – Get Free Report)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a note issued to investors on Monday, Benzinga reports. They presently have a $4.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 36.52% from the company’s previous close.
Separately, B. Riley reduced their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $5.95.
AMC Entertainment Stock Down 3.3 %
AMC Entertainment (NYSE:AMC – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Research analysts expect that AMC Entertainment will post -1.61 EPS for the current year.
Institutional Trading of AMC Entertainment
Several institutional investors and hedge funds have recently made changes to their positions in the company. Mayflower Financial Advisors LLC bought a new stake in shares of AMC Entertainment in the first quarter valued at about $37,000. Principal Financial Group Inc. raised its holdings in shares of AMC Entertainment by 50.6% in the first quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock valued at $75,000 after acquiring an additional 6,748 shares in the last quarter. Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment in the first quarter valued at about $55,000. Quadrature Capital Ltd raised its holdings in shares of AMC Entertainment by 374.1% in the fourth quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after acquiring an additional 645,541 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of AMC Entertainment by 48.3% in the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after acquiring an additional 6,577,228 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
Further Reading
- Five stocks we like better than AMC Entertainment
- Investing In Automotive Stocks
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Canadian Penny Stocks: Can They Make You Rich?
- Hilton Demonstrates Asset Light is Right for Investors
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.